GBPJPY short UPDATE (Wyckoff, Elliot Wave) Like predicted

2019-11-19 21:27:26

Nice 100pips on the Trade within one day. This is really nice.

Explanation:
We saw the h1 Doji candle which was a confirmation for short positions. At this moment we got in the Trade. Also we were a the Daily Supply Zone.
Wyckoff Theory confirms that we are in the Mark Down. Also ElliotWave confirms that we are in Wave 4 the correction Wave.

Candlestick:
Daily Candlestick shows confirmation for a big sell. This confirms my previous Analysis. If you did not see it. Check it out now.

What can we trade:
1) You can scalp the whole way to the Downside. Take profit at the Demand Zone and wait for Price Action to Re-Enter the Trade.
2) You can also stay in the Trade for a couple of days and wait to take profit. But make sure to put your SL on Entry and to take at the Key Levels partial profit.

Target:
Target is still 136.00-136.50.

Personal Opinion:
I am scalping this big Swing all the way down. This method allows me to make more profit.

I hope you all enjoy my Analysis. Please leave a LIKE and a COMMENT.
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